Cargotec Corporation

Cargotec Corporation is a Finnish company that specializes in the manufacturing of cargo-handling machinery for ships, ports, terminals, and local distribution. The company is headquartered in Helsinki, Finland, and operates globally. Cargotec's key business areas are structured around three main brands, each focused on different aspects of cargo handling:

Kalmar: This segment provides container handling equipment such as straddle carriers, terminal tractors, and automated guided vehicles, among other solutions. Kalmar is known for its innovations in port automation and energy-efficient machinery, helping to improve operational efficiency and sustainability in port operations.

Hiab: Hiab focuses on load handling equipment, including loader cranes, forestry cranes, demountables, and truck-mounted forklifts. This brand serves a diverse range of industries such as construction, waste management, and recycling, offering solutions aimed at enhancing productivity and safety.

MacGregor: This segment is dedicated to marine cargo and offshore load handling systems and services. MacGregor's product portfolio includes cranes, hatch covers, RoRo (roll-on/roll-off) equipment, and offshore mooring systems. These solutions cater to the maritime industry, aiming to improve the efficiency and safety of cargo operations at sea.

Key Facts and Figures:

Founded: 2005, but with roots tracing back to the 19th century through its predecessor companies.

Stock Listing: Cargotec's shares are listed on the Nasdaq Helsinki stock exchange.

Global Reach: The company operates in more than 100 countries, with a significant presence in Europe, Asia, and the Americas.

Employees: Cargotec employs thousands of people worldwide, contributing to its diverse and international workforce.

Strategic Focus:

Cargotec aims to drive innovation in the cargo handling industry with a strong focus on automation, sustainability, and digitalization. This encompasses investing in new technologies that enhance operational efficiency, reduce environmental impacts, and offer advanced solutions to meet the evolving needs of their customers.

Financial Performance:

Cargotec regularly reports its financial performance, with a focus on sustainable growth and profitability. The company's financials reflect its commitment to innovation and market leadership, supported by robust revenue streams from its diverse portfolio of products and services.

Sustainability and Innovation:

Cargotec places a significant emphasis on sustainability, aiming to reduce the environmental footprint of its operations and the life-cycle impact of its products. The company invests in innovative solutions that promote cleaner, safer, and more efficient cargo handling.

Overall, Cargotec Corporation is a major player in the cargo and load handling industry, known for its comprehensive and innovative solutions that address the diverse needs of its global customer base.

358 204 554 299
www.cargotec.com
358 204 554 667

Products

MacGregor cranes, hatch covers, RoRo and cargo lashing equipment, bulk handling and offshore cranes, winches, Kalmar port cranes and other container handling solutions

Helsinki Finland

Sörnäisten rantatie 23
Helsinki 00500
Finland

Maritime News

US Intercepts Three Iranian Tankers in Asian Waters

16 hours ago

The U.S. military has intercepted at least three Iranian-flagged tankers in Asian waters and is redirecting them away from their positions near India, Malaysia and Sri Lanka, shipping and security sources said on Wednesday.Washington has imposed a blockade on Iran's trade by sea while Iran has fired on ships to prevent them sailing through the Strait of Hormuz waterway at the entrance to the Middle East Gulf. Nearly two months after the U.S. and Israel began their war on Iran, there is little sign of peace talks resuming during an uneasy ceasefire.The closure of the strait has disrupted supply of a fifth of the world's oil and gas supplies, and caused a global energy crisis. U.S.

Iran Detains Two Container Ships for Maritime Violations

yesterday

Iran said it had captured two container ships seeking to exit the Gulf via the Strait of Hormuz on Wednesday after firing on them and another vessel, in its first seizures since its war with the United States and Israel began in February.Iran's semi-official Tasnim news agency reported the seizures and added its Revolutionary Guard Corps Navy had warned that any disruption to order and safety in the strait would be considered a "red line."The seizure of one of the ships, the Panama-flagged MSC Francesca, was confirmed by Montenegro's minister of maritime affairs, who said four Montenegrin seafarers were on board and that they and the rest of the crew were safe.

Three Ships Fired Upon in Strait of Hormuz, Crews Unharmed

yesterday

At least three container ships were hit by gunfire in the Strait of Hormuz on Wednesday, maritime security sources and the United Kingdom Maritime Trade Operations (UKMTO) said.Iran has imposed restrictions on ships using the strait, first in retaliation for the U.S.-Israeli bombardment of the country, and then in response to a U.S. blockade of Iranian ports.A Liberia-flagged container ship sustained damage to its bridge after being hit by gunfire and rocket-propelled grenades northeast of Oman.The UKMTO said the master of the vessel reported being approached by an IRGC gunboat. The vessel, it said, was subsequently fired upon.

Scam Messages Target Ships with Fake Hormuz Transit Offers

2 days ago

Fraudulent messages promising safe passage through the Strait of Hormuz in exchange for cryptocurrency have been sent to some shipping companies whose vessels are stranded west of the waterway, Greek maritime risk management firm MARISKS has warned.The U.S. has maintained its blockade of Iranian ports, while Iran has lifted and then re-imposed its blockade of the Strait of Hormuz, through which roughly a fifth of the world's oil and liquefied natural gas passed before war broke out in the Middle East.Amid ceasefire talks, Tehran, which controls the chokepoint, has proposed tolls on vessels to safely transit.

US Seizes Iranian Cargo Ship, Tehran Vows Retaliation

3 days ago

Concerns grew on Monday that the ceasefire between the United States and Iran might not hold after the U.S. said it had seized an Iranian cargo ship that tried to run its blockade and Iran vowed to retaliate.Efforts to build a more lasting peace in the region likewise appeared to be on shaky ground, as Iran said it would not participate in a second round of negotiations that the U.S. had hoped to kick off before the ceasefire expires on Tuesday.The U.S. has maintained a blockade of Iranian ports, while Iran has lifted and then reimposed its own blockade on marine traffic passing through the Strait of Hormuz, which typically handles roughly one-fifth of the world's oil supply.The U.S.